Award

MVAR Agreement

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 Oct 2022 at 09:55

Award Notice
Summary of the contracting process

The Bank of England awarded a contract for the MVAR Agreement to Softcat PLC. The contract, valued at £45,000,000, involves the provision of hardware, software, and associated services with a focus on information technology services. The procurement method used was selective, calling off from a framework agreement. The tender had a deadline on June 8, 2022, and the contract period is set to start on July 8, 2022, running until July 7, 2025. The procurement was suitable for small and medium-sized enterprises (SMEs) and is categorised under goods. The procurement was initiated as a tender and is now in the award stage.

This contract opportunity with the Bank of England for the MVAR Agreement presents a significant chance for businesses in the IT services industry, particularly those providing hardware, software, and associated services. SMEs looking to partner with a reputable organisation like the Bank of England can benefit from improved margins and access to a competitively priced professional services rate card. The contract offers a compliant route to market for specific products and services that can only be sourced through a reseller, making it suitable for businesses aiming to enhance their partnering capabilities and supplier management efficiency.

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Notice Information

Notice Title

MVAR Agreement

Notice Description

Partner to bring together the capability of purchasing hardware, software and the provision of associated services including support services. This includes the management of Hardware such as extended product warranties; support; upgrade and maintenance services associated with Goods purchased. Benefits to the bank include the following benefits: - Improved Margins - Competitively Priced Professional Services Rate Card - Compliant route to market for product and services which can only be sourced with a reseller - Improved partnering with single reseller aiding the ability to - Supplier management versus point purchases - Commercial Contracts Manager provided to ease internal burden of call-off contract processing

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8f24dc89-6962-4cf7-8e61-d358b2b41904
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72222300 - Information technology services

Notice Value(s)

Tender Value
£45,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£45,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20223 years ago
Submission Deadline
8 Jun 2022Expired
Future Notice Date
Not specified
Award Date
7 Jun 20223 years ago
Contract Period
7 Jul 2022 - 7 Jul 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SOFTCAT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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